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The UK and India saw investors still being positive on the yellow metal, as inflows totalled $2.15 billion | Photo Credit: e-crow Physically backed gold exchange-traded funds (ETFs) witnessed a mixed trend in the past two weeks, with inflows being positive in the week ending July 10 and negative in the week ending July 3,…

⁠Gold slid over 1% on Monday as fears of a closure of the Strait of Hormuz drove oil prices sharply higher, reviving expectations ‌of elevated interest rates to combat inflationary pressures from escalating hostilities in the Middle East. Spot gold dropped 1.5% ‌to $4,059.11 per ounce by 0356 GMT. U.S. gold futures for ‌August ⁠delivery…

Gold and silver are expected to remain volatile with a corrective bias in the coming week as investors assess the latest flare-up in the US-Iran conflict, movements in crude oil prices and inflation data that could reshape expectations for global interest rates, analysts said. Fresh hostilities in West Asia have once again put markets on…

In the international markets, spot gold slipped by $17.57, or 0.43%, to $4,106.25 per ounce and silver fell nearly 1% to $59.54 per ounce. Gold prices edged up by ₹400 to ₹1,48,500 per 10 grams in the national capital on Friday, while silver jumped ₹5,000, as value buying by traders and a weak US dollar…

Gold prices on Friday dropped by Rs 630 to Rs 1,44,670 per 10 grams in futures trade amid a fall in spot demand. On the Multi Commodity Exchange, yellow metal contracts for August delivery traded lower by Rs 630, or 0.43 per cent, at Rs 1,44,670 per 10 grams in a business turnover of 975…

Silver prices on Friday fell ₹1,934 to ₹2,24,443 per kilogram in futures trade as participants reduced their bets. On the Multi Commodity Exchange, silver contracts for September delivery declined by ₹1,934, or 0.85 per cent, to ₹2,24,443 per kg in a business turnover of 2,345 lots. Analysts said a sell-off by participants mainly weighed on…

Gold ​traded at a wide discount in India this ⁠week as price volatility weighed, while demand in China remained steady with the country’s central bank reporting its largest monthly increase in gold ‌reserves in more than 2-1/2 years in June. International spot gold prices slipped to a two-week low, retreating from ‌an over 2 per…

Gold ‌prices edged higher on Friday as the dollar softened, ​but were on track for a weekly decline ⁠on concerns that escalating US-Iran tensions could fuel inflation and keep the US Federal Reserve on a hawkish monetary policy path. Spot gold was up 0.2% ‌at $4,128.92 per ounce, as of 0303 GMT, and headed for…

Gold futures rebounded by ₹1,038 to ₹1.44 lakh per 10 grams on Thursday after opening lower in domestic markets as value buying aided the rally, ending a three-session decline despite escalating tensions in West Asia. On the Multi Commodity Exchange, gold futures for August delivery appreciated by ₹1,038, or 0.72 per cent, to ₹1,44,749 per…

The Gold and Silver Merchants Association has urged the Centre to address tax-related concerns under the proposed Gold Monetization Scheme (GMS) 2.0, considering fears among families of possible Income Tax scrutiny over inherited gold that lacks purchase bills or supporting documents. The government should provide clear legal protection and assurance for such cases, besides introducing…